disclosure statement

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Disclosure Statement

1. A document given to a potential borrower by a lender stating all the terms of the loan. This includes the interest rate, the length of the loan, and any applicable fees. Lenders are required to provide disclosure statements. See also: Truth in Lending Act.

2. A document given to a potential IRA account holder stating all the terms of the IRA. This includes the rules, penalties, and applicable fees associated with the IRA. IRA providers are required to provide disclosure statements and give the account holder seven days to opt out of the account with no penalties.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

disclosure statement

(1) Also called the Reg-Z box, information required by Regulation Z of the federal Truth in Lending Act.(2) Any other federally required or state-required document designed to inform consumers of rights,responsibilities,or property defects.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Each year, many state and local public officers and employees receive automatic fines because they file their annual financial disclosure forms late or not at all.
"The anti-corruption authority is aware of information posted on social media revealing that a procedural error has shown that some financial disclosure forms have not yet been submitted," its official spokesman Dr.
What do you get when you attempt to abbreviate "Truth-in-Lending Act," "Real Estate Settlement Procedures Act" and "Integrated Disclosures?" Well, if you are the CFPB, you get TRID, an acronym for two consolidated consumer real estate loan disclosure forms that represent many years and countless hours of research and development.
Citing Anastasiadou, Politis reported that all deputies have met their obligation to file their own disclosure forms, under the provisions of the old law, but not everyone had conformed with the new regime on spousal and children statements.
According to financial disclosure forms released by the White House, Kushner and wife Ivanka were worth a (http://www.townandcountrymag.com/society/money-and-power/a9218201/jared-and-ivanka-net-worth/) combined $740 million at the time they held senior roles in the administration.
Carmella Bocchino of Washington-based America's Health Insurance Plans suggested that regulators should develop any model disclosure forms at the same time they implement the mental health provisions in the new 21st Century Cures Act.
In most companies, the role of engineering and R&D personnel is to design and enhance products and services - and NOT to submit invention disclosure forms. If you were to ask inventors to list their core responsibilities, they would probably not include submitting invention disclosure forms.
Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress."
Now, any transaction involving a mortgage will use new CFPB disclosure forms. The new forms were originally supposed to be implemented in August of this year, but it was pushed back until Oct.
This edition has been updated to reflect changes to the real estate financial market, and commonly used forms have been moved to the appendices, including the new Loan Estimate and Closing Disclosure forms. ([umlaut] Ringgold, Inc., Portland, OR)
A JUNE PROPOSAL from the Consumer Financial Protection Bureau (CFPB) to push back the start date for new mortgage disclosure forms pleasantly surprised Don Gaspar.